Russia Eyes Blockchain Potential for National Payment System

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Russia’s Association of Financial Innovation (AFI) has penned a roadmap for improving the regulation of the National Payment System including using Blockchain, has reported.

The Federal Assembly of Russia State Duma, the Ministry of Finance and the Federal Financial Monitoring Service will now review the AFI proposal, which has been created to help the Russian National Payments Council (NPC) with regulatory issues. 

The NPC is a multipurpose cross-branch venue for discussion of approaches and determining a consolidated opinion of Russian national payments system participants.
NPC objective is to consolidate national payment system participants’ efforts to provide its stability and increase efficiency of institutional and infrastructural components, consolidate market participants’ opinions on issues of development, accumulate and promote best practices, promote cutting-edge technologies implementation across Russian payment market.
NPC founders are: Sberbank of  Russia (OJSC), VTB Bank (JSC), Alfa-Bank (OJSC), Promsvyazbank (OJSC), VimpelCom (OJSC), Unistream Commercial Bank (JSC), Deutsche Bank, Golden Crown (money transfer).

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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